In 2024, the 20th Survey of the National Union of Students of France (UNEF) revealed that the average monthly cost of student life amounted to 1,158.70 euros. “”An ever greater cost in the face of precariousness which also continues to increase ”observed the union. Student housing crisistransport, food … Expenditure is increasingly high.
Faced with this alarming observation, many young people turn to the Student loan guaranteed by the State. According to the UNEF, 300,000 bank loans are contracted by students each year, by around 10 % of the student population. But the Caisse d’Allocations Familiales (CAF) warns on a decision that is “calculated” Before getting started. “”Like any credit, the student loan can be a heavyweight to wear. Better to find out precisely about the professional outlets offered by the chosen sector, and do the tour of existing financial aid beforehand beforehand“Warns the organization.
For his part, in his investigation into the cost of student living in 2023, the UNEF warned on a device not to be taken lightly: “In a context of mass unemployment and now economic crisis, student loans constitute a heavy risk carried by young people». As a reminder, the student loan guaranteed by the State is not a zero rate loan : You will have to reimburse interest to the bank that will grant you.
What are the partner banks for the student guaranteed by the State?
Several criteria are compulsory to benefit from this consumer loan: being of age (or being an emancipated minor), to have less 28 years old And be already registered in an establishment to prepare a university degree, competition, etc. Note that the maximum amount of the loan is to 20,000 euros to pay your tuition feescomputer equipment …
Several banks have signed an agreement with the Public Investment Bank (BPI) and can grant these loans: the Banque Postale, the French Indian Ocean Commercial Bank (BFCOI), mainly in Reunion and Mayotte, Industrial and Commercial Credit (CIC), Crédit Mutuel and Société Générale. For these consumer loans, the State will guarantee for each contractor up to 70 % of the total amount, excluding interest. However, banks can refuse your file despite the state guarantee if the banking establishment considers that you will not be able to make the reimbursements.
